Medical Polymer Market Share, Size, Trends, Industry Analysis Report – By Product Type (Fibers & Resins, Medical Elastomers, Biodegradable Polymers, and Others), Application, Manufacturing Technology, and Region; Segment Forecast, 2024–2032

Medical Polymer Market Share, Size, Trends, Industry Analysis Report – By Product Type (Fibers & Resins, Medical Elastomers, Biodegradable Polymers, and Others), Application, Manufacturing Technology, and Region; Segment Forecast, 2024–2032



The global medical polymer market size is expected to reach USD 79.76 billion by 2032, according to a new study by Polaris Market Research. The report “Medical Polymer Market Share, Size, Trends, Industry Analysis Report, By Product Type (Fibers & Resins, Medical Elastomers, Biodegradable Polymers, and Others), By Application, By Manufacturing Technology and By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The medical polymer market is growing significantly due to increasing adoption of medical polymer for the customized to cater requirements and wide range of other medical applications. Additionally, increasing merger and acquisition activity to expand product offerings and distribution network is expected to boost the medical polymer market growth during forecast period. For instance, in December 2023, EQT private equity acquired Zeus, a leading supplier of custom polymer components used in the medical procedures.

The increasing demand for bio-compatible materials in the implants, drug delivery systems, & medical devices is expected to fuel the medical polymer market growth. Healthcare providers & patients prioritize these materials to integrate within the body, thereby minimizing risk complications and improving treatment outcomes, as a result biocompatible material demand among healthcare practioners is increasing impacting the medical polymer market growth positively.

Moreover, the increasing partnership between government and major players in order to discover eco-friendly polymers creates significant opportunities for the medical polymer market growth. For instance, in May 2024, the U.S. National Science Foundation (NSF) announced a USD 9.5 Mn research funding project in partnership with the industry partners, called SPEED that will discover new types of superior polymers.

The regulatory support for more efficient and safer medical materials continues to accelerate the medical polymer market growth, and promotes innovation of medical polymers. For instance, in April 2024, the FDA's Center for Devices and Radiological Health (CDRH) released 2 reports that show the center's commitment to advancing safety and innovation in medical devices.

Increasing import and export activities in order to expand distribution network is expected to boost the medical polymer market growth in forecast period. For instance, according to the U.S. International Trade Commission, in 2021, U.S. imports of disposable surgical and isolation gowns were valued at USD 157 Mn and consisted of approximately 190 Mn units. These significant import figures show the growing market for medical polymers in the future of the U.S. country.

Medical Polymer Market Report Highlights
  • The medical elastomers segment is anticipated to witness the highest growth over the study period, due to its versatility in medical applications.
  • The biodegradable polymers segment accounted for the largest market share in 2023, owing to the increasing environmental concerns.
  • The medical disposable segment is projected to experience a larger revenue share in 2023, due to increasing environmental concerns.
  • Asia Pacific is projected to register the fastest growth over the assessment period, attributable to the single-use practices, and safety concerns.
  • The global players include NatureWorks, Covestro, Celanese Corporation, Dow Inc., and Philips.
Market Research has segmented the Medical Polymer market report based on product type, application, manufacturing technology, and region:

By Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
  • Fibers & Resins
  • Medical Elastomers
  • Biodegradable Polymers
  • Others
By Application Outlook (Revenue - USD Billion, 2019 - 2032)
  • Medical Disposable
  • Medical Instruments & Devices
  • Diagnostic Instruments & Tools
  • Other Applications
By Manufacturing Technology Outlook (Revenue - USD Billion, 2019 - 2032)
  • Extrusion Tubing
  • Compression Moulding
  • Injection Moulding
  • Others
By Regional Outlook (Revenue - USD Billion, 2019 - 2032)
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Medical Polymer Market Insights
4.1. Medical Polymer Market – Market Snapshot
4.2. Medical Polymer Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing Demand for Biodegradable and Bio-Based Polymers is Driving Market Growth
4.2.1.2. Growing Demand for Minimally Invasive Surgical Procedures is Propelling Market Size
4.2.2. Restraints and Challenges
4.2.2.1. Preference for Conventional Materials
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Medical Polymer Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Medical Polymer Market, by Product Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
5.3. Fibers & Resins
5.3.1. Global Medical Polymer Market, by Fibbers & Resins, by Region, 2019-2032 (USD billion)
5.4. Medical Elastomers
5.4.1. Global Medical Polymer Market, by Medical Elastomers, by Region, 2019-2032 (USD billion)
5.5. Biodegradable Polymer
5.5.1. Global Medical Polymer Market, by biodegradable polymer, by Region, 2019-2032 (USD billion)
5.6. Other
5.6.1. Global Medical Polymer Market, by other, by Region, 2019-2032 (USD billion)
6. Global Medical Polymer Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Medical Polymer Market, by Application, 2019-2032 (USD billion)
6.3. Medical Disposable
6.3.1. Global Medical Polymer Market, by Medical Disposable, by Region, 2019-2032 (USD billion)
6.4. Medical Instruments & Devices
6.4.1. Global Medical Polymer Market, by Medical Instruments & Devices, by Region, 2019-2032 (USD billion)
6.5. Diagnostics Instruments & Tools
6.5.1. Global Medical Polymer Market, by Medical Instruments & Devices, by Region, 2019-2032 (USD billion)
6.6. Other Application
6.6.1. Global Medical Polymer Market, by Other Application, by Region, 2019-2032 (USD billion)
7. Global Medical Polymer Market, by Manufacturing Technology
7.1. Key Findings
7.2. Introduction
7.2.1. Global Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
7.3. Extrusion Tubing
7.3.1. Global Medical Polymer Market, by Extrusion Tubing, by Region, 2019-2032 (USD billion)
7.4. Compression Moulding
7.4.1. Global Medical Polymer Market, by Compression Moulding, by Region, 2019-2032 (USD billion)
7.5. Injection Moulding
7.5.1. Global Medical Polymer Market, by Injection Moulding, by Region, 2019-2032 (USD billion)
7.6. Other Technology
7.6.1. Global Medical Polymer Market, by other technology, by Region, 2019-2032 (USD billion)
8. Global Medical Polymer Market, by Geography
8.1. Key Findings
8.2. Introduction
8.2.1. Medical Polymer Market Assessment, By Geography, 2019-2032 (USD billion)
8.3. Medical Polymer Market – North America
8.3.1. North America: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.3.2. North America: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.3.3. North America: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.3.4. Medical Polymer Market – U.S.
8.3.4.1. U.S.: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.3.4.2. U.S.: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.3.4.3. U.S.: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.3.5. Medical Polymer Market – Canada
8.3.5.1. Canada: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.3.5.2. Canada: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.3.5.3. Canada: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4. Medical Polymer Market – Europe
8.4.1. Europe: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.2. Europe: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.3. Europe: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4.4. Medical Polymer Market – UK
8.4.4.1. UK: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.4.2. UK: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.4.3. UK: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4.5. Medical Polymer Market – France
8.4.5.1. France: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.5.2. France: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.5.3. France: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4.6. Medical Polymer Market – Germany
8.4.6.1. Germany: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.6.2. Germany: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.6.3. Germany: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4.7. Medical Polymer Market – Italy
8.4.7.1. Italy: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.7.2. Italy: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.7.3. Italy: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4.8. Medical Polymer Market – Spain
8.4.8.1. Spain: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.8.2. Spain: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.8.3. Spain: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4.9. Medical Polymer Market – Netherlands
8.4.9.1. Netherlands: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.9.2. Netherlands: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.9.3. Netherlands: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4.10. Medical Polymer Market – Russia
8.4.10.1. Russia: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.10.2. Russia: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.10.3. Russia: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.4.11. Medical Polymer Market – Rest of Europe
8.4.11.1. Rest of Europe: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.4.11.2. Rest of Europe: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.4.11.3. Rest of Europe: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5. Medical Polymer Market – Asia Pacific
8.5.1. Asia Pacific: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.2. Asia Pacific: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.3. Asia Pacific: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5.4. Medical Polymer Market – China
8.5.4.1. China: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.4.2. China: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.4.3. China: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5.5. Medical Polymer Market – India
8.5.5.1. India: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.5.2. India: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.5.3. India: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5.6. Medical Polymer Market – Malaysia
8.5.6.1. Malaysia: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.6.2. Malaysia: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.6.3. Malaysia: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5.7. Medical Polymer Market – Japan
8.5.7.1. Japan: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.7.2. Japan: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.7.3. Japan: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5.8. Medical Polymer Market – Indonesia
8.5.8.1. Indonesia: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.8.2. Indonesia: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.8.3. Indonesia: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5.9. Medical Polymer Market – South Korea
8.5.9.1. South Korea: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.9.2. South Korea: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.9.3. South Korea: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5.10. Medical Polymer Market – Australia
8.5.10.1. Australia: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.10.2. Australia: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.10.3. Australia: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.5.11. Medical Polymer Market – Rest of Asia Pacific
8.5.11.1. Rest of Asia Pacific: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.5.11.2. Rest of Asia Pacific: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.5.11.3. Rest of Asia Pacific: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.6. Medical Polymer Market – Middle East & Africa
8.6.1. Middle East & Africa: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.6.2. Middle East & Africa: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.6.3. Middle East & Africa: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.6.4. Medical Polymer Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.6.4.2. Saudi Arabia: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.6.4.3. Saudi Arabia: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.6.5. Medical Polymer Market – UAE
8.6.5.1. UAE: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.6.5.2. UAE: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.6.5.3. UAE: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.6.6. Medical Polymer Market – Israel
8.6.6.1. Israel: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.6.6.2. Israel: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.6.6.3. Israel: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.6.7. Medical Polymer Market – South Africa
8.6.7.1. South Africa: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.6.7.2. South Africa: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.6.7.3. South Africa: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.6.8. Medical Polymer Market – Rest of Middle East & Africa
8.6.8.1. Rest of Middle East & Africa: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.6.8.2. Rest of Middle East & Africa: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.6.8.3. Rest of Middle East & Africa: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.7. Medical Polymer Market – Latin America
8.7.1. Latin America: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.7.2. Latin America: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.7.3. Latin America: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.7.4. Medical Polymer Market – Mexico
8.7.4.1. Mexico: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.7.4.2. Mexico: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.7.4.3. Mexico: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.7.5. Medical Polymer Market – Brazil
8.7.5.1. Brazil: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.7.5.2. Brazil: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.7.5.3. Brazil: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.7.6. Medical Polymer Market – Argentina
8.7.6.1. Argentina: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.7.6.2. Argentina: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.7.6.3. Argentina: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
8.7.7. Medical Polymer Market – Rest of Latin America
8.7.7.1. Rest of Latin America: Medical Polymer Market, by Product Type, 2019-2032 (USD billion)
8.7.7.2. Rest of Latin America: Medical Polymer Market, by Application, 2019-2032 (USD billion)
8.7.7.3. Rest of Latin America: Medical Polymer Market, by Manufacturing Technology, 2019-2032 (USD billion)
9. Competitive Landscape
9.1. Vendor Landscape
9.2. Expansion and Acquisition Analysis
9.2.1. Expansion
9.2.2. Acquisitions
9.3. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. NatureWorks LLC
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Covestro AG
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Celanese Corporation
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Eastman Chemical Corporation
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Evonik Industries AG
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Dow Inc.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Exxon Mobil Corporation
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Arkema
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Koninklijke DSM N.V.
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Formosa Plastics Corporation
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. KRATON CORPORATION
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. SABIC
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development

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